IMAX Corp. gains on deal to open theaters in China

NEW YORK (CBS.MW) -- IMAX Corp.
IMAX, -1.08%
rallied 1.2 percent to $7.93 after the company announced an agreement with Lark International to install six new theaters systems in The People's Republic of China over the next four years. Analyst Eric Wold at Merriman Curhan Ford believes the deal increases the potential for upside to 2005 and 2006 earnings. He reiterated his "buy" rating on the stock.

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